to have inclusive measure to prevent conflicts of interest. In addition, permissible securities trading will be limited to that executed with a view to managing risks associated with issuance of
management to asset management licensee will be permissible, subject to the specified rules. In addition, REIT holding limit will be relaxed where a REIT trustee will be able to hold up to 50 percent of the
allowed to offer the service permissible under their licenses on overseas financial instruments. The revision not only aims at increasing the investors? readiness for overseas investment but also enhancing
establishment of property fund permissible to be filed no later than the end of this year, the fund to be set up must be in form of specific property fund.The consultation paper is available on the SEC website at
overseas as well as in Thailand. The revised rules cover guidelines for advertisement and publication, areas of permissible marketing activities in Thailand and instructions of benefits received from
foreign companies must be substantially comparable to Thai law, in particular, the material issues such as shareholder rights. In case of DRs, the permissible issues must satisfy that the DR underlying
addressing potential damage from operational risks. For example, a lower ongoing capital requirement would be permissible specifically for intermediaries that only provide asset management services excluding
must not be utilized as if the business operators do not operate the business themselves.Moreover, outsourcing to non-licensees will be permissible as well. The business operators simply give the SEC
convenient access to paying agents have been allowed to reach out the investors. Furthermore, new types of mutual funds permissible to invest in a variety of assets have been introduced; for example, mutual
specific instruments are permissible such as debt instruments issued by foreign juristic persons or their subsidiaries, foreign currency denominated debt instruments issued by juristic persons established